Micropro Software Solutions IPO Date, Review, Price, Allotment Details

Micropro Software Solutions IPO Details: Micropro Software Solutions IPO date is fixed, The IPO will open on November 3 and will close on November 7. Micropro Software Solutions is an NSE SME IPO to raise ₹30.70 crores via IPO. The Micropro Software Solutions IPO price band is fixed at ₹81 with a market lot of 1600 shares.
Micropro Software Solutions IPO

Table of Contents

Micropro Software Solutions Limited is an IT service company incorporated in 1988. They offer Software development, consulting along with Technical Services and providing effective IT Solutions cost-effectively IT Solution to its clients.


The company designs, develops, standardizes, and customizes, in case of need, software solutions across various industry verticals. They does not outsource activities to third party vendors while providing the service to the customers. The services includes IT Infrastructure Management Services, Server Management, Virtualization Services, Storage and Backup Management, Network Management, Security Management, Database Management, Middleware Administration, and Data Centre Operations Management.

Micropro Software Solutions provide their services to over 4000 customers in India, USA, UAE and Africa. They offer services to various organisations including government agencies, E-governance in an integral part of software development services.


Objects of the Issue:

  • Working capital requirements;
  • Funding capital expenditure requirements;
  • General Corporate purposes

Micropro Software Solutions IPO Review

  • Avoid

Micropro Software Solutions IPO Date & Price Band Details

IPO Open:November 3, 2023
IPO Close:November 7, 2023
IPO Size:Approx ₹30.70 Crores, 3,790,400 Equity Shares
Face Value:₹10 Per Equity Share
IPO Price Band:₹81 Per Equity Share
IPO Listing on:NSE SME
Retail Quota:50% of the net offer
NII Quota:50% of the net offer
DRHP Draft Prospectus:Click Here
RHP Draft Prospectus:Click Here

Micropro Software Solutions IPO Market Lot

The Micropro Software Solutions IPO minimum market lot is 1600 shares with a ₹129,600 application amount.

ApplicationLot SizeSharesAmount
Retail Minimum11600₹129,600
Retail Maximum11600₹129,600
S-HNI Minimum23200₹259,200

Micropro Software Solutions IPO Dates

The Micropro Software Solutions IPO date is November 3 and the IPO close date is November 7. The IPO allotment date is November 10 and the IPO might list on November 16.

IPO Open Date:November 3, 2023
IPO Close Date:November 7, 2023
Basis of Allotment:November 9, 2023
Refunds:November 9, 2023
Credit to Demat Account:November 9, 2023
IPO Listing Date:November 10, 2023

You can check IPO subscription status and IPO allotment status on their respective pages.

Micropro Software Solutions IPO Form

How to apply Micropro Software Solutions IPO? You can apply Micropro Software Solutions IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Micropro Software Solutions IPO in the Invest section. The other option you can apply Micropro Software Solutions IPO via IPO forms download via the NSE website. Check out the Micropro Software Solutions forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.


Micropro Software Solutions Company Financial Report

₹ in Crores
YearRevenueExpensePAT
2021₹13.92₹12.11₹1.30
2022₹17.55₹13.84₹2.67
2023₹22.17₹12.95₹5.92
2024 2M₹2.76₹2.10₹0.48

Micropro Software Solutions IPO Valuation – FY2023

Check Micropro Software Solutions IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Earning Per Share (EPS):₹5.78 per Equity Share
Price/Earning P/E Ratio:NA
Return on Net Worth (RoNW):35.93%
Net Asset Value (NAV):₹659.28 per Equity Share

Peer Group

  • Softtech Engineers Limited
  • Compucom Software Limited
  • Persistent Systems Limited

Company Promoters

  • Mr Sanjay Yadavrao Mokashi
  • Mr Hitesh Dhirajlal Parikh
  • Mr Prashant Renukadas Rajurkar
  • Mrs Meenakshi Sanjay Mokashi
  • Mrs Shefali Hitesh Parikh
  • Mrs Swati Prashant Rajurkar

Micropro Software Solutions IPO Registrar

Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: [email protected]
Website: https://www.purvashare.com/queries/

Micropro Software Solutions IPO Allotment Status

Check Micropro Software Solutions IPO allotment status on Purvashare website URL. Click Here

Micropro Software Solutions IPO Lead Managers aka Merchant Bankers

  • Swaraj shares and securities private limited

Company Address

Micropro Software Solutions Limited
Plot No. 28, 702, Wing A
7th Floor, IT Park,
Gayatri Nagar, Nagpur-440022,
Phone: +91-9373693405
Email: [email protected]
Website: http://www.microproindia.com/

Micropro Software Solutions IPO FAQs


What is Micropro Software Solutions IPO?

Micropro Software Solutions IPO is an NSE SME IPO. They are going to raise ₹30.70 Crores via IPO. The issue is priced at ₹81 per equity share. The IPO is to be listed on NSE.

When Micropro Software Solutions IPO will open?

The IPO is to open on November 7, 2023 for NII, and Retail Investors.

What is Micropro Software Solutions IPO Investors Portion?

The investors’ portion for NII is 50%, and Retail is 50%.

How to Apply the Micropro Software Solutions IPO?

You can apply Micropro Software Solutions IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the Micropro Software Solutions IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Micropro Software Solutions”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Micropro Software Solutions IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Micropro Software Solutions”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the Micropro Software Solutions IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Micropro Software Solutions”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is Micropro Software Solutions IPO Size?

Micropro Software Solutions IPO size is ₹30.70 crores.

What is Micropro Software Solutions IPO Price Band?

Micropro Software Solutions IPO Price Band is ₹81 per equity share.

What is Micropro Software Solutions IPO Minimum and Maximum Lot Size?

The IPO bid is 1600 shares with ₹129,600.

What is Micropro Software Solutions IPO Allotment Date?

Micropro Software Solutions IPO allotment date is November 9, 2023.

What is Micropro Software Solutions IPO Listing Date?

Micropro Software Solutions IPO listing date is November 1, 20230. The IPO to list on NSE SME.

Note: The Micropro Software Solutions IPO details are announced officially. The IPO grey market premium (Micropro Software Solutions IPO Premium) is updated on the respective page. You can check our IPO grey market page for daily updates.)

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